Cable Technology Feature Article
Tennessee Based Cable Contractor to Utilize Paragon Accounts Receivable Financial Solution
By Rich Steeves, TMCnet Copy Editor
Sometimes, generating sales can be difficult for a small business. At other times, a company that has been in business for over a decade has no problem making sales, but they might have issues collecting money owed to them. In these cases, companies, like small cable contractors, might seek accounts receivable help from established institutions.
The Paragon Financial Group is no stranger to financing cable subcontractors. They have been doing so for many of the major cable providers. And recently, a company in Tennessee has chosen Paragon’s accounts receivable factoring program.
The door-to-door cable installation contractor, based out of Goodlettsville, Tennessee, was looking for receivable financing and turned to another cable industry veteran for advice. That company recommended Paragon.
Paragon has worked with cable industry providers such as Comcast, Cox (News - Alert), AT&T, Time Warner and others. The company provides capital solutions to small and large business alike through accounts receivable factoring and purchase order financing.
The cable contractor in question works with theft proof cable enclosure systems that prevent thieves from stealing cable. To help meet its financial needs, the business arranged for a one million dollar factoring line from Paragon Financial Group. This line is intended to help the contractor handle growth and capital needs with receivable out 45 to 60 days.
In other recent accounts receivable news, the Federal Trade Commission has decided to take action against so-called rogue debt collection agencies. The FTC (News - Alert) will target companies that threaten customers with violence and name calling or companies that use false or misleading techniques.
Rich Steeves is a TMCnet copy editor. He taught writing for nine years. He has also worked as an editorial assistant at Penny Publications. He has written short stories, newspaper columns, blogs and recently published his first novel. He attended The George Washington University where he received his bachelor's degree in English and a master's degree in education. To read more of his articles, please visit his columnist page.
Edited by Rich Steeves